Published Online:October 2024
Product Name:The IUP Journal of Law Review
Product Type:Article
Product Code:IJLR071024
Author Name:Sourabh V C Ubale
Availability:YES
Subject/Domain:Law
Download Format:PDF
Pages:79-92
The implementation of Goods and Services Tax (GST) has been a transformative development in indirect taxation on a global scale, offering a unified tax structure that simplifies trade and enhances revenue mobilization. This paper provides an in-depth analysis of the diverse legal frameworks adopted by various countries to implement GST and the challenges encountered. Through a comparative study of GST models in India, Australia, Canada, the European Union, and other significant jurisdictions, the paper highlights the legal intricacies and administrative hurdles faced by these countries. The paper delves into issues such as compliance mechanisms, dispute resolution, technological integration, and the impact of GST on economic activities. It also examines the role of regional economic agreements in shaping GST policies and the potential for international harmonization of GST laws. Special attention is given to the Indian context, analyzing its unique federal structure and the legal adjustments made to accommodate GST. By juxtaposing India’s GST experience with that of global counterparts, the paper aims to provide valuable insights for policymakers, legal practitioners, and academicians. The study underscores the importance of robust legal frameworks and international cooperation in overcoming the challenges in GST implementation, for a more efficient and equitable global taxation system.
Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It aims to consolidate various indirect taxes under a single umbrella to streamline the tax system, making it simpler and more transparent.